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397 County Road 538

Stephenville, TX 76401
  • $450,000
  • STATUS: Active
  • ON SITE: 309 Days
  • MLS #: 20893644
Price Reduced
UPDATED: 48 min ago
$450,000
  • 4
    BEDS
  • 2.62
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,583
    SQFT
  • $174
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1982
County:
Area:

School Information

Elementary School:
High School:
School District:
Offered by Derece Jones of MOORE HOME AND RANCH, LLC: 254-459-0889.

Description

Charming Dual-Residence Property on 2.62 Beautifully Landscaped Acres. Discover a unique opportunity with two residences on one stunning property, ideal for multi-generational living or additional rental income. Nestled on a peaceful dead-end road, this well-maintained 2.62-acre estate features a spacious 1,953 sq ft main home with 3 bedrooms and 2 bathrooms, plus a fully equipped 1-bedroom, 1-bath guest house currently generating $700 per month in rental income. The main residence offers a warm and inviting atmosphere with a large living area perfect for entertaining, a generously sized primary suite with ensuite bathroom, and an additional bonus room that can serve as an office, 4th bedroom, or playroom. The kitchen is well-appointed with abundant cabinetry, newer appliances, and a separate dining area ideal for family gatherings. Recent upgrades include new windows, hot water heater, and new appliances including refrigerator (2023) new HVAC system (2024) and microwave (2025). Stylish laminate and tile flooring run throughout the home. The guest house is 630 sq ft and includes a living area, full kitchen (appliances included), and a covered carport with storage space for lawn equipment or a vehicle—making it a highly desirable rental or in-law suite. The property also boasts a reliable 365-ft water well with a new pump and updated electrical systems, a spacious concrete slab perfect for outdoor entertaining or sports, and a dedicated yard space for pets separate from the main backyard. Horses and 4H animals are welcome. Built in 1982 and only owned by two families, this property offers a rare blend of comfort, functionality, and income potential in a serene rural setting. Whether you're looking for a peaceful homestead, room to grow, or an income-generating investment, this property has it all.Schedule your showing today—this one won’t last long!

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© 2026 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Jones-Papadopoulos & Co. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Jones-Papadopoulos & Co are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-02-17T20:44:51.813.
www.jpcsells.com/homes/162557227
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397 County Road 538 Stephenville, TX 76401

  • Price: $450,000
  • Status: Active
  • On Site: 309 Days
  • Updated: 48 min ago
  • MLS #: 20893644
4
Beds
2
Baths
0
½ Baths
2.62
Acres
2,583
SQFT
$174
$/SQFT
1982
Built
Neighborhood:
Henry Fantharp
County:
Erath
Area:
Stephenville
Elementary School:
Linglevill
High School:
Linglevill
School District:
LINGLEVILLE ISD
Property Description
Charming Dual-Residence Property on 2.62 Beautifully Landscaped Acres. Discover a unique opportunity with two residences on one stunning property, ideal for multi-generational living or additional rental income. Nestled on a peaceful dead-end road, this well-maintained 2.62-acre estate features a spacious 1,953 sq ft main home with 3 bedrooms and 2 bathrooms, plus a fully equipped 1-bedroom, 1-bath guest house currently generating $700 per month in rental income. The main residence offers a warm and inviting atmosphere with a large living area perfect for entertaining, a generously sized primary suite with ensuite bathroom, and an additional bonus room that can serve as an office, 4th bedroom, or playroom. The kitchen is well-appointed with abundant cabinetry, newer appliances, and a separate dining area ideal for family gatherings. Recent upgrades include new windows, hot water heater, and new appliances including refrigerator (2023) new HVAC system (2024) and microwave (2025). Stylish laminate and tile flooring run throughout the home. The guest house is 630 sq ft and includes a living area, full kitchen (appliances included), and a covered carport with storage space for lawn equipment or a vehicle—making it a highly desirable rental or in-law suite. The property also boasts a reliable 365-ft water well with a new pump and updated electrical systems, a spacious concrete slab perfect for outdoor entertaining or sports, and a dedicated yard space for pets separate from the main backyard. Horses and 4H animals are welcome. Built in 1982 and only owned by two families, this property offers a rare blend of comfort, functionality, and income potential in a serene rural setting. Whether you're looking for a peaceful homestead, room to grow, or an income-generating investment, this property has it all.Schedule your showing today—this one won’t last long!
Exterior Features

Carport Spaces 2 Construction Siding Covered Spaces 1 Crops Coastal Bermuda Exterior Features Covered Patio/PorchStorage Fencing Chain LinkNetPartial Foundation Pillar/Post/Pier Housing Type ApartmentFarm/Ranch House Lot Description AcreageClearedLandscapedLrg. Backyard Grass Parking Or Garage Attached CarportConcreteDrivewayParking Pad Patio And Porch Features CoveredFront PorchRear Porch Pool On Property No Residences 2 Roof Composition

Interior Features

Appliances DishwasherDisposalElectric RangeMicrowaveRefrigeratorWater FilterWater Softener Basement No Cooling Ceiling Fan(s)Central AirElectric Dining Areas 1 Fireplaces 0 Flooring CarpetLaminateTile Garage No Handicap YN No Heating CentralElectric Interior Features Decorative LightingHigh Speed Internet AvailableWalk-In Closet(s) Laundry Features Electric Dryer HookupUtility RoomWasher Hookup Living Areas 1

Property Features

Accessory Unit Type Accessory Dwelling Unit (ADU) Accessory Unit YN Yes Barns1 0 Current Use ResidentialSingle Family Green Certification HVACWaterheater HOA None Horse Permitted Yes Levels One Listing Terms CashConventionalFHAVA Loan Municipal Utility District No Other Structures Guest HouseSecond ResidenceSeparate Entry QuartersStorage Possession Negotiable Property Attached Yes Property Type Single Family Residence Restrictions No Known Restriction(s) Special Notes Aerial Photo Unexempt Taxes 3384 Utilities Co-op ElectricSepticWell Wells 1 Will Subdivide Yes

North Texas Real Estate Information Systems MLS logo Listing information © 2026 North Texas Real Estate Information System.


© 2026 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Jones-Papadopoulos & Co. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Jones-Papadopoulos & Co are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-02-17T20:44:51.813.
 
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Jones-Papadopoulos & Co
2770 Main Street
Frisco TX, 75033
Offered by Derece Jones of MOORE HOME AND RANCH, LLC: 254-459-0889.